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Belron Motions for Extension of Deadline to Submit Bids for Diamond

Belron has filed a motion for an extension on the deadline to submit bids for the purchase of Diamond Glass. In addition, the company motioned to seal the extension motion, citing that "the status of the discussions between [Diamond] and Belron is described and detailed throughout the Bid Extension Motion …" Belron chief executive officer Gary Lubner had previously told™/AGRR magazine that the company had an "interest" in exploring the purchase of Diamond Glass. (CLICK HERE for related story.)

Along with a request for extension of the bid deadline, Belron also motioned for the court to adjourn the auction and sale hearing for approximately two weeks. Currently, bids are due on June 3, the auction is slated for June 5, and the court has scheduled a hearing to review the sale on June 6.

Belron is requesting that the motion be heard at the next regularly scheduled hearing in the case on this Friday, May 23, and that objections to the motion be filed by Wednesday, May 21.

"In the absence of such relief, Belron's interests and the interests of the Debtors' estate in maximizing the proceeds of any sale may be frustrated," reads the motion, filed over the weekend.

The company adds, "The prompt consideration of the Motion is essential to protect Belron's interests and to maximize value to the Debtors' estates."

The motion was made on behalf of Belron by Laura Davis Jones, Michael R. Seidl and Timothy P. Cairns of Pachulski Stang Ziehl & Jones LLP and Jeffrey W. Levitan and Steven L. Kirshenbaum of Proskauer Rose LLP, co-counsel for Belron International Ltd. and Belron US Inc.

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